Mr. George Burns reports

ELDORADO GOLD ANNOUNCES APPOINTMENT OF CHRISTIAN MILAU AS PRESIDENT

Eldorado Gold Corp. has appointed Christian Milau as president, effective Sept. 12, 2025.

Mr. Milau brings over 25 years of experience in finance, capital markets and mining. He has deep expertise in operational leadership, government and stakeholder relations, and has worked across key mining jurisdictions in North and South America, Africa, and other global regions. As a mining executive, he has led growth-focused exploration, development and operating companies in gold and copper with a clear focus on fostering a values-based performance culture and building lasting stakeholder partnerships. He was most recently the chief executive officer and a founder of Saudi Discovery Company, a private copper and gold exploration company focused on exploration in Saudi Arabia, as well as a non-executive board member with several gold and copper companies including New Gold Inc., Northern Dynasty Minerals Ltd., Arras Minerals Corp. and Copper Standard Resources Inc. As part of his transition, Mr. Milau will be stepping down from his non-executive board member appointments.

Prior to that, Mr. Milau served as chief executive officer of Equinox Gold from 2016 to 2022, leading the company through significant growth from a single-asset developer to a multimine producer with eight operating mines. Prior to Equinox, he served as chief executive officer at True Gold Mining, as well as chief financial officer of Endeavour Mining and vice-president, treasurer, at New Gold. He holds a chartered professional accountant (CA) designation.

With this appointment, George Burns, Eldorado's president and chief executive officer, will transition to the role of chief executive officer. Mr. Milau will oversee both the executive vice-president and chief financial officer, as well as the executive vice-president operations and technical services. His areas of accountability will include Canada and Turkey operations, technical services, exploration, finance, human resources, and health, safety and sustainability.

Steven Reid, chair of the board, commented: "As we position the company for its next leg of growth, the board conducted a comprehensive search to identify a president with the right blend of experience, vision and leadership. Mr. Milau is a proven leader who will complement our executive team and help unlock the full potential of our business. His appointment reflects our commitment to thoughtful leadership and succession planning and long-term value creation."

"Mr. Milau's experience is a perfect fit for Eldorado," said George Burns, president and chief executive officer. "He brings a rare combination of operational depth, financial acumen and strategic vision. His leadership through transformative periods at multiple mining companies strengthens our executive team. I look forward to working alongside Mr. Milau as we advance toward the completion of Skouries construction -- a key inflection point for our company. As we prepare to bring our new copper-gold mine into production Mr. Milau's insights and experience will be instrumental in driving our next phase of strategy, growth and capital allocation."

"The team at Eldorado has executed well on a disciplined and long-term growth strategy and I'm thrilled to be joining this superb team at such a transformative time in its journey," said Mr. Milau. "With Skouries coming on line next year, the company is entering an exciting new chapter, and I'm eager to contribute to that momentum. What drew me to Eldorado is not just its quality asset base and growth trajectory, but its values of collaboration, agility, courage, drive and integrity. Strong values have guided me throughout my career, and it's clear these principles are deeply embedded in Eldorado's culture. I look forward to working with George and the broader team to build on the company's strong foundation to realize value for stakeholders, deliver on strategic growth opportunities within the portfolio and to shape the next phase of Eldorado's evolution as a leading gold and base metals producer."

About Eldorado Gold Corp.

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada and Greece. The company has a highly skilled and dedicated work force, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

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